Could BMO Junior Gold Index ETF See a Reversal After Having a Gap Up Today?

 Could BMO Junior Gold Index ETF See a Reversal After Having a Gap Up Today?

The stock of BMO Junior Gold Index ETF (TSE:ZJG) gapped up by $0.03 today and has $25.43 target or 170.00% above today’s $9.42 share price. The 5 months technical chart setup indicates low risk for the $82.94 million company. The gap was reported on Oct, 19 by If the $25.43 price target is reached, the company will be worth $141.00M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 63,025 shares traded hands. BMO Junior Gold Index ETF (TSE:ZJG) has risen 39.60% since March 14, 2016 and is uptrending. It has outperformed by 34.06% the S&P500.

More notable recent BMO Junior Gold Index ETF (TSE:ZJG) news were published by: which released: “Five ETFs to choose from as gold stocks finally come alive” on July 17, 2013, also with their article: “Buy gold now: Five ETFs to consider” published on July 17, 2012, published: “Gold stock ETFs looking attractive” on August 15, 2013. More interesting news about BMO Junior Gold Index ETF (TSE:ZJG) were released by: and their article: “An easy way to play complex sectors” published on February 11, 2011 as well as‘s news article titled: “Three top picks from Getting Technical’s Bill Carrigan” with publication date: September 26, 2014.

BMO Junior Gold Index ETF invests in the equity securities of gold mining companies. The ETF has a market cap of $82.94 million. The Fund seeks to replicate, to the extent possible, the performance of a junior gold companies index, net of expenses. It currently has negative earnings. It seeks to replicate the performance of the Dow Jones North America Select Junior Gold Index.

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